Strive surpasses Metaplanet in Bitcoin treasury market cap despite holding far fewer coins

Strive, Inc. has pulled off something counterintuitive. Despite holding roughly 24,531 BTC compared to Metaplanet’s approximately 43,000 BTC, Strive’s market capitalization has climbed to the $2.5B to $3B range, overtaking Metaplanet’s $2B to $2.5B valuation. The development comes as Metaplanet’s Bitcoin holdings fell over 13% in value last week, while Strive has been on an acquisition tear that’s reshaping the corporate Bitcoin treasury leaderboard. The Strive playbook: buy fast, finance creatively Strive went public through a reverse merger with Asset Entities in September 2025, and has since built a Bitcoin position that now ranks it as the fifth-largest public corporate holder of the asset. In the week ending September 4, 2026, Strive purchased 1,375 BTC for approximately $109 million, paying an average of around $79,281 per coin. That single-week buy brought total holdings to the 24,531 BTC figure, valued somewhere between $1.9B and $1.96B. Year-to-date, Strive’s Bitcoin stash has grown by over 225%. The engine behind this buying spree is Strive’s SATA perpetual preferred stock, a financial instrument that pays daily dividends at an annualized rate of 13%. The company has near...